The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 17, 2025
Filed:
Jan. 11, 2022
Midcontinent Independent System Operator, Inc., Carmel, IN (US);
The Trustees of the Stevens Institute of Technology, Hoboken, NJ (US);
Yikui Liu, Jersey City, NJ (US);
Lei Wu, Princeton, NJ (US);
Yonghong Chen, Zionsville, IN (US);
Yafei Yang, Shaanxi, CN;
MIDCONTINENT INDEPENDENT SYSTEM OPERATOR, INC., Carmel, IN (US);
THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY, Hoboken, NJ (US);
Abstract
One or more systems and methods according to the present disclosure may apply a model for integrating distribution systems having proliferated distributed energy resources into the independent system operator energy market, particularly when one or more distribution systems are connected to a transmission system via multiple interconnection buses. Additionally, systems and methods for applying a compact multi-port model for power exchanges and associated bidding strategies are described. A the multi-port power exchange model may be constructed based on the operational feasible region of a distribution system; describing physical operation characteristics of distributed energy resources, flexible loads, and the distribution network; and the bidding strategy model may describe total operating cost of the distribution system, while recognizing electrically coupled injections of multiple interconnection buses.